Accounting & risks
Q1 Report 2023
Spar Nord achieved a profit after tax of DKK 557 million in the first quarter of 2023, which corresponds to an annualized return on equity of 19,5 percent. Management considers the performance as satisfying. Despite lower activity in the housing area, the performance is positively affected by growth in business scope, the rising marked interest rates, and good results on the financial markets as well as only minor write-downs. Based on the development in the first months of 2023 and the expectations for the remainder of the year the overall financial goal is to generate a profit in the level of DKK 1.800-2.100 million in 2023.
